Open Text Corporation ( OTEX) pushed the Computer Software & Services industry higher today making it today's featured computer software & services winner. The industry as a whole closed the day down 2.1%. By the end of trading, Open Text Corporation rose 63 cents (1%) to $61.02 on average volume. Throughout the day, 587,978 shares of Open Text Corporation exchanged hands as compared to its average daily volume of 456,200 shares. The stock ranged in a price between $58.78-$61.75 after having opened the day at $59.24 as compared to the previous trading day's close of $60.39. Other companies within the Computer Software & Services industry that increased today were: Kingtone Wirelessinfo Solution ( KONE), up 15.6%, BOS Better Online Solutions ( BOSC), up 7.6%, Responsys Inc ( MKTG), up 6.4%, and GSE Systems ( GVP), up 6.2%.

Open Text Corporation develops, markets, sells, licenses, and supports enterprise content management (ECM) solutions primarily in North America and Europe. Open Text Corporation has a market cap of $3.1 billion and is part of the technology sector. The company has a P/E ratio of 12.7, below the average computer software & services industry P/E ratio of 25.4 and below the S&P 500 P/E ratio of 17.7. Shares are up 28.2% year to date as of the close of trading on Friday.

TheStreet Ratings rates Open Text as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, reasonable valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Changyou.com ( CYOU), down 12.2%, Shanda Games ( GAME), down 11.9%, Camelot Information Systems Inc ( CIS), down 10.9%, and VanceInfo Technologies Inc ( VIT), down 10.6%, were all losers within the computer software & services industry with Autodesk Inc ( ADSK) being today's computer software & services industry loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer software & services industry could consider iShares S&P NA Tech Software Idx ( IGV) while those bearish on the computer software & services industry could consider ProShares Ultra Short Technology ( REW).
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